Outstanding Shares- 148,039,255 as of October 15, 2009 Authorized Shares- 3,030,000,000 as of October 15, 2009 Float- 51,488,784 as of October 15, 2009
KAT Exploration Inc. is an exploration company based in Mount Pearl Newfoundland and was incorporated in December 02, 2005. The company has a variety of mineral properties consisting of Gold, Copper and Silver.
The company's main focus has been on Sediment-Hosted Stratiform Copper Deposits in the eastern portion of the province. Although copper is one of our main focuses, the company has a great interest in gold properties in and around the central area of the province. One of these is the Handcamp property area that has thus far provided high grade gold numbers as high as 158 g/t. With the discovery of Rare Earth Elements(REE) on our 100% owned "Rusty Ridge" property, the company will expand it's focus in this area as well.With the dramatic rise in gold, copper and silver, the company feels that its focus is in the right areas and will proceed to bring its properties to their full potential. ------------------------------------------------------------------------------- Colliers Property --- excerpts.
Mineralization consisting of chalcopyrite, bornite and calcite which occurs as patches and as fillings of fractures in the andesitic and basaltic rocks of the Harbour Main Group. native copper, chalcocite, chalcopyrite, covellite and bornite in veins, amygdule fillings unknown about the source and amount of contained copper and silver within this deposit. Assays from the surrounding host rock yielded results as high as 23.60% Copper and 236.30 g/t silver. --------------------------------------------------------------------------------- Rusty Ridge Property --- excerpts.
iron Oide +/- Base, Precious and Rare Earth type mineralization, similar in style and setting to the giant Olympic Dam deposit in Australia.
Anomalous levels of the Light Rare Earth Elements (LREE) crium and lanthanum, all present in Olympic Dam (and others) were not only detected in soils but also in rock samples as well. In addition, the soil geochemistry also produced anomalies in silver, gold, copper.
This property as already generated a lot of interest from mining companies and is bing offered as a Joint Venture (JV) project.
Handcamp Gold Property --- excerpts. The "Handcamp" gold property held by a group of prospectors is comprised of 17 claims and is located approximately 33km north of Badger, central Newfoundland and 10km northeast of the old abandoned "Gullbridge" copper mine
The sulphide mineralization includes Galena and Sphalerite along with Pyrite. Superimposed on the volcanogenic sulphide mineralization is epigenetic disseminated gold mineralization. The best sulphide mineralization is associated with sericite schist with veinlets and dissemination having been traced over a strike length of 1200m.
Assay results from the Handcamp property have given a wide range of gold values such as 53.3 g/t Au with over 2oz silver/ton. A number of grab samples assayed 20 g/t,94 g/t, with one grab reportly as high as 158.9 g/t. Both lead and zinc of up to 2% are also from these same samples
A previous drill hole encountered .39oz of gold over 7 feet, with visible gold been panned from a recently trenched outcrop. Kat Exploration owns 60 claim block surrounding the main Handcamp gold showing and has a work program in place for the immediate spring that will see prospecting, some trenching and diamond drilling over high priority areas.
Sericite schist derived from felsic volcanic and epiclastic sedimentary protholiths, most notable of these are the Charlottetown, Salmon Brook and Platter Cove Faults and the unnamed structure that defines the western boundary of the Love Cove Group.
mineralization is approx 75m wide and continues to the shoreline approximately 1km and consists of stringers of native copper, Chalcocite and Malachite staining. Continuing along the road approximately 200m, there is another copper zone containing Chalcocite and Malachite. This showing is approximately 50m wide
Copper mineralization is quite visible in an old pit near the gravel road and impressive malachite staining along with chalcocite is strata bound within the more sandy beds of the sediments. The horizon that hosts the mineralization has been traced for approx. 17kms with copper mineralization at a thickness of 300ft in places and assay results of 2.5% Cu has been discovered in exposed areas in the pit from within this horizon. This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt. More ground work is planned for the Northern portion of the property in the upcoming season.
-- Period -- -- High -- -- Low -- -- Percent Change -- 5-Days 0.0067 on 11/09/09 0.0014 on 11/05/09 +103.85% since 11/04/09 20-Days 0.0093 on 10/19/09 0.0014 on 11/05/09 +6.00% since 10/15/09 65-Days 0.0186 on 08/13/09 0.0014 on 11/05/09 -66.88% since 08/12/09 100-Days 0.4700 on 06/24/09 0.0014 on 11/05/09 -98.80% since 06/24/09 260-Days 2.0000 on 05/18/09 0.0014 on 11/05/09 -99.74% since 05/18/09 Year to Date 2.0000 on 05/18/09 0.0014 on 11/05/09 -99.74% since 05/18/09
For The Last Made New High Percent From Made New Low Percent From 5-Days 2 time(s) -20.90 % 2 time(s) +278.57% 20-Days 3 time(s) -43.01 % 5 time(s) +278.57% 65-Days 2 time(s) -71.51 % 10 time(s) +278.57% 100-Days 1 time(s) -98.87 % 22 time(s) +278.57% 260-Days 1 time(s) -99.74 % 15 time(s) +278.57% Year to Date 1 time(s) -99.74 % 15 time(s) +278.57%